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Development - Charitable Remainder Trusts

If a donor has assets that he or she would consider giving to the College but:

  • would like to maintain control over them;
  • need the income they generate;
  • wish to retain the use of them for their lifetime;

a trust arrangement may provide a solution.

With this type of planned gift a donor creates a trust funded with securities, real estate, or cash, making an irrevocable gift of the remainder interest to the College. The donor retains the income for the rest of his/her life or for a guaranteed number of years. At no time can the principal of the trust be decreased. In order to receive a charitable donation receipt, the following conditions must be met:

  • the gift is irrevocable
  • the legal rights to the property (securities, real estate, or cash) are transferable to Athol Murray College of Notre Dame when the trust is established
  • the value of the gift is calculable and can be supported by a donation receipt
  • there is no encroachment on the principal.